Greg Hammond

Greg Hammond

(480) 522-9318
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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed

$274,950

($214,830 down)
FHA

8561 Manzanita Avenue, California City, CA 93505

3
2
1,668 sqft
PITI Monthly
$685.61 /mo

Listing courtesy of: Jesse Torrero, Jesse Torrero

Assumed Rate

5.5%
7.15%

Principal & Interest

$476 /mo
$566 /mo
$59,050 in interest paid off

What's Special

INVESTORS

20+% under market Flippers investors super large ROI the ARV for this house is between $320-$340000. The outside is perfect and the inside is in top shape. This is a fire sale, a blow out sale, and fast quick sale. Your turn around is immediate, maybe some new paint in side (done). The resale is nothing but pure profit. Owners wants a CASH deal so we can do quick escrow. He will entertain fully approved proofed up quality credit buyers. Property needs paint (multi colors inside) some basic patching and wall work, flooring in MBR closet, and the shower will be finished in MBR before close of escrow, it was being remodelled.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.5
Remaining Loan Term
15 years, 4 months
Monthly PITI
$685.61/mo
Estimated Loan Balance
$65,009
Cash to close
$214,830
Interest Paid
$59,050

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: ForcedAir
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: LivingRoom
  • Flooring: Carpet, Laminate

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: SepticTypeUnknown
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Biking, Golf, Hiking, Lake
HOA
  • Has HOA: No
Location
  • Region: California City

Financial Details

  • Price per Sqft: $164.84
  • Tax Annual Amount: $3436.88
  • On Market Date: 2024-10-16T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $214,830 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $214,830!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$60,120
Your Cash:$214,830
Total Purchase Price:$274,950

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$476/mo
Traditional @ 7.15%
$588/mo
You save $111/month ($1,337/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SR24214814

Listing From:

Last updated: 2025-02-19T20:23:45.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

5.5%
7.15%

Principal & Interest

$476 /mo
$566 /mo
$59,050 in interest paid off
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $214,830 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $214,830!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.5% Sellers Rate
$60,120
Your Cash:$214,830
Total Purchase Price:$274,950

Assumed vs Traditional Mortgage

Assumed @ 5.5%
$476/mo
Traditional @ 7.15%
$588/mo
You save $111/month ($1,337/year)

*Secondary financing rates are an estimated value based on input

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